Strong buying activity in banking, oil, cement, and power sectors fuels market rally
Karachi: The KSE-100 Index opened near 186,519 points and quickly advanced by 479 points in early trade, reaching 186,998 points, as bullish momentum continued at the Pakistan Stock Exchange (PSX).
Buying pressure intensified as the session progressed, propelling the index to an intraday peak of 187,015 points, reflecting a surge of over 1,900 points. Mild profit-taking later pared some gains.
However, the market closed firmly higher at 186,518 points, registering a net increase of 1,456 points for the day.
The rally was broad-based, with strong inflows observed across automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration firms, oil marketing companies, power generation, and refinery stocks
